Managing Foreign Exchange Risk: Strategies for Global Exchange Risk

Business & Money

DeRosa, David F.

Economics

Probus Publishing Co.

A comprehensive guide to the world's largest financial market Foreign exchange is the world's largest financial market and continues to grow at a rapid pace. As economies intertwine and currencies fluctuate there is hardly a corporate entity that doesn't need to use options on foreign exchange to hedge risk or increase returns. Moreover, currency options, both vanilla and exotic, are part of standard toolkit of professional portfolio managers and hedge funds. Written by a practitioner with real-world experience in this field, the Third Edition of Options on Foreign Exchange opens with a substantive discussion of the spot and forward foreign exchange market and the mechanics of trading currency options. The Black-Scholes-Merton option-pricing model as applied to currency options is also covered, along with an examination of currency futures options. Throughout the book, author David DeRosa addresses the essential elements of this discipline and prepares you for the various challenges you could face. <ul>
<li>Updates new developments in the foreign exchange markets, particularly regarding the volatility surface</li> <li>Includes expanded coverage of the currency crises and capital controls, electronic trading, forward contracts, exotic options, and more</li> <li>Employs real-world terminology so you can a firm understanding of this dynamic marketplace</li> </ul>
The only way to truly succeed in today's foreign exchange market is by becoming more familiar with currency options. The Third Edition of Options on Foreign Exchange will help you achieve this goal and put you in better position to make more profitable decisions in this arena.

Options on Foreign Exchange

Finance

wiley

The ultimate nuts-and-bolts guide to foreign exchange operations The foreign exchange landscape is particularly risky since so much of the world is unregulated and takes place over the counter (off exchange). Brilliant traders and money managers who are profitable may find themselves underperforming, or worse, losing, simply because they failed to establish strong operations. In this book, David DeRosa provides industry players with everything they need for strong operational functions from all the types of trades to execution, master trading agreements, documentation, settlement, margin and collateral, and prime brokerage services. <ul>
<li>Contains vital work flow solutions for trading in the volatile foreign exchange marketplace</li> <li>Offers information for mastering the operational aspect of foreign exchange trading to help determine best partners such as prime brokers and others</li> <li>Written by David DeRosa a leading foreign exchange expert who has consulted to hundreds of financial institutions</li> </ul>
Foreign Exchange Operations helps traders mitigate risks and offers a guide to all aspects of trading operations from mastering trading agreements to margin documentation.

Foreign Exchange Operations: Master Trading Agreements, Settlement, and Collateral

Your A to Z Guide to the World's Largest Option Market "A clearly written manual that flows smoothly. Whether you have 20 years of experience in the FX options markets or none, you will learn something interesting from reading this book. Highly recommended for both traders and non-traders." * Adam Kreysar, Global Head FX Options Warburg Dillon Read "DeRosa presents technical material with a minimum of technical fuss. Filtered through his scholarship and practical trading experience, up-to-date topics such as exotic options, forward volatilities, and the volatility smile become accessible. The book will be extremely useful to asset managers and risk managers." * Allan M. Malz, Partner The RiskMetrics Group "This new edition of Options on Foreign Exchange provides an exhaustive review of the literature on currency options, in addition to covering the practical aspects of the business. It is greatly pedagogical and well written-as can be expected from David DeRosa." * Nassim Taleb, President Empirica Capital LLC

Options on Foreign Exchange (Wiley Series in Financial Engineering)

John Wiley&Sons, Inc.

This is an expanded and enhanced edition of the popular Managing Foreign Exchange Risk which first appeared in 1990. Students of finance, traders, institutional investors and corporate treasurers commend the book for its even balance between theory and applications. Practitioners praise its clear explanation of currency derivatives theory. Students of finance appreciate that the book is infused with actual foreign exchange market conventions and real-world numerical examples. This second edition has been greatly expanded with materials on the mechanics of the foreign exchange and options markets. The sections on the international monetary system have been updated, especially with respect to the European monetary system. New sections have been added on exotic currency options, specifically on barriers, average rate, basket and quantos options. There are two new chapters, one on currency option applications and another on currency overlay management.

Managing Foreign Exchange Risk: Advanced Strategies for Global Investors, Corporations, and Financial Institutions

Irwin Professional_Pub

International

Although significant financial crises world-wide -- in Japan, Mexico, Thailand, Indonesia, Russia, and Brazil -- have affirmed that the free market system is imperfect, no successful alternative to free capital markets has ever been devised. Nevertheless, many theorists are proposing that industrial nations together create a new framework for regulation -- a new international financial architecture -- using measures such as target zones for foreign exchange rates, currency boards, and controls on speculative trading of securities.
David DeRosa presents an emphatically opposing view -- that less, not more regulation is vitally needed. DeRosa demonstrates that public policies have often been dead wrong in concept and application; that so-called controls generate indirect and unintended harmful consequences; and that aggressive intervention is no panacea, even in cases such as the collapse of Long Term Capital Management, the former high-flying hedge fund.
DeRosa presents a rousing argument for putting far greater trust in the markets themselves. He exposes the risks, market distortions, and huge, hidden costs that can result from governmental bailouts and proposed reforms. David DeRosa makes an important contribution to a debate whose outcome will determine the stability and prosperity achievable in an interconnected age.

In Defense of Free Capital Markets: The Case Against a New International Financial Architecture

DeRosa Ph.D., David F

Bloomberg Pr

See the best price to sell, buy, or rent books by DeRosa, David F.. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by DeRosa, David F.

See the best price to sell, buy, or rent books by DeRosa, David F.. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Managing Foreign Exchange Risk: Strategies for Global Exchange Risk

Options on Foreign Exchange

Foreign Exchange Operations: Master Trading Agreements, Settlement, and Collateral

Options on Foreign Exchange (Wiley Series in Financial Engineering)

Managing Foreign Exchange Risk: Advanced Strategies for Global Investors, Corporations, and Financial Institutions

Foreign Exchange Operations: Master Trading Agreements, Settlement, and Collateral

Foreign Exchange Operations: Master Trading Agreements, Settlement, and Collateral

Foreign Exchange Operations: Master Trading Agreements, Settlement, and Collateral

Managing Foreign Exchange Risk: Strategies for Global Exchange Risk

In Defense of Free Capital Markets: The Case Against a New International Financial Architecture